Financial warns investors against Bitcoin

The digital currency Bitcoin breaks one record after another. Since the introduction of cryptocurrency the price of the “digital coin” to astronomical levels is shot – but is also subject to enormous fluctuations. All information about Bitcoin in the news ticker of FOCUS Online.

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Financial warns investors against Bitcoin

Saturday, December 23, 2:57:Faced with fierce price swings in Bitcoin now warns the German financial supervision before digital currency. “This is highly speculative operations is Bitcoin Code working in 2018 with the possibility of a total loss,” the president of the supervisory authority BaFin, Felix Hufeld said the “Bild” newspaper. It will “give excesses that produce bitter losers” would. Therefore Hufeld advises extreme caution. An investor should know “that he can lose his money at worst.” The head of the Federal Financial Supervisory Authority (BaFin) announced that his agency would “closely on the ball”, but also spoke of a huge learning task. “We are all going to understand this area first, and build up know-how.”

Two major US stock exchanges have now launched futures contracts on the Bitcoin – so that cryptocurrency has arrived in the traditional financial world. Since the beginning of the Bitcoin, which is traded on platforms on the Internet, massively increased in value: approximately $ 1,000 to approximately 20,000 US dollars to just before Christmassuddenly crashing dollar 12,000 towards. The higher the price rose, the louder were warning voices from politicians and central banks. In recent days, politicians and economists the one and only review site have called for a regulation of Bitcoin.

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Just recently, Bundesbank President Jens Weidmann had criticized the Bitcoin violently. “It’s speculative, you can lose money with it,” said Weidmann had on Monday evening in Frankfurt said. To designate Bitcoin as “digital currency”, keeps Germany’s top monetary authority for misleading: “A cash was supposed to have a stable value. These properties are missing the Bitcoin. “Weidmann said, however, is strongly opposed to a regulation from a monetary policy point of view from.

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